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Monese launches across the EU, takes a pop at Brexit in the process

British app-based bank Monese has officially launched across the Eurozone, enabling people to transfer money for free between the UK and Eurozone accounts.

The ability to move money between the Eurozone and the UK follows the company’s quiet launch of Eurozone accounts to existing customers last month. Monese customers are free to move anywhere in the Eurozone and the UK and able to access their local bank account via the app in any of eight languages.

“Our expansion is aimed at breaking down financial barriers when crossing borders within the EU, by providing a simple way to manage your money on the go,” said Norris Koppel, founder and CEO of Monese. “We believe that people should be able to live, travel, and work freely, without the administrative burdens and restraints of legacy financial systems. Monese takes the stress and hassle out of making this possible - and I’m delighted that we’re already seeing a growing demand from our existing customers.”

To support the launch of its Eurozone accounts, Monese has launched its ‘Free Movement of Money’ campaign – which sees a mock Brexit bus touring around Europe, letting people know they can transfer money up to the total value of €350m with zero fees through its bank.

“To celebrate our official launch to everyone, we wanted to give all our customers an additional benefit to using Monese, by enabling them to send their money, fee free,” said Koppel. “To drive this message home, we’re taking the now infamous Brexit Bus on a tour across Europe. But changing it to a promise we know we can keep.”